Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 34.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,986 shares of the company's stock after purchasing an additional 7,096 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Roku were worth $2,080,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ROKU. FMR LLC grew its position in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the period. Marshall Wace LLP grew its position in shares of Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after buying an additional 2,030,036 shares during the period. FIL Ltd purchased a new stake in Roku during the 4th quarter valued at about $29,559,000. Renaissance Technologies LLC grew its position in Roku by 38.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,296,900 shares of the company's stock valued at $96,412,000 after purchasing an additional 357,100 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Roku by 164.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company's stock valued at $37,642,000 after purchasing an additional 314,931 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ROKU has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of Roku in a research report on Thursday, April 17th. They set a "neutral" rating and a $65.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday. Wedbush cut their price objective on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday. UBS Group dropped their price target on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Roku in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.39.

Roku Price Performance

Shares of NASDAQ ROKU traded up $0.19 during mid-day trading on Thursday, hitting $68.37. 4,398,223 shares of the company's stock traded hands, compared to its average volume of 3,688,462. The company's 50-day moving average is $69.62 and its two-hundred day moving average is $75.36. The company has a market capitalization of $9.98 billion, a P/E ratio of -77.07 and a beta of 2.17. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Equities analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,333,486.34. This represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the transaction, the insider now directly owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,905 shares of company stock valued at $6,560,876 in the last ninety days. 13.98% of the stock is owned by company insiders.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.